Flexsteel Industries CEO Jerald Dittmer's 2022 pay falls 28% to $2M
Flexsteel Industries reports 2022 executive compensation
By ExecPay News
Published: November 1, 2022
Flexsteel Industries reported fiscal year 2022 executive compensation information on November 1, 2022.
In 2022, three executives at Flexsteel Industries received on average a compensation package of $1.2M, a 27% decrease compared to previous year.
Average pay of disclosed executives at Flexsteel Industries
Jerald K. Dittmer, Chief Executive Officer, received $2M in total, which decreased by 28% compared to 2021. 46% of Dittmer's compensation, or $919K, was in stock awards. Dittmer also received $291K in non-equity incentive plan, $735K in salary, as well as $41K in other compensation.
Derek P. Schmidt, Chief Financial Officer, received a compensation package of $943K, which decreased by 30% compared to previous year. 46% of the compensation package, or $437K, was in salary.
David E. Crimmins, Vice President Sales, earned $645K in 2022.
Flexsteel Industries' fiscal year ends on June 30.
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Source: SEC filing on November 1, 2022.